John Elkann – Charm

Stellantis, China’s CATL to invest $4.33 billion in EV battery factory in Spain

Cs news4 days ago04 mins

MADRID (Reuters) -Stellantis (STLA) and Chinese battery maker CATL (300750.SZ) will invest 4.1 billion euros ($4.33 billion) in a factory making electric vehicle batteries in Zaragoza in northern Spain, they said on Tuesday. The companies have set up a 50-50 joint venture for the project and expect to start production by the end of 2026….

Auto giant Stellantis announces ‘immediate’ resignation of CEO Tavares

Cs news2 weeks ago03 mins

Stellantis CEO Carlos Tavares, pictured in January 2023, was made chief executive when PSA and Fiat-Chrysler merged to form the new group (Robyn BECK) Stellantis chief executive Carlos Tavares on Sunday resigned “with immediate effect”, the auto giant announced, signalling differences over how to confront the group’s profit slump. The Italian-US-French company, whose brands include…